Morning Markets: FTSE up on Wolseley profits update

The FTSE opened more than 30 points higher Tuesday thanks in part to an 11% share price jump for builders' supplier Wolseley.

London's blue-chip index rose 32.53 points, or 0.61%, to 5,384 shortly after 8.30am. Wolseley added 160p, or 11.04%, to reach £16.09 after the company said profits will beat City forecasts. Miners also advanced, with Fresnillo gaining 1.6% to 790p, Anglo American increasing 1.57% to £24.85 and Kazakhmys up 1.54% to £13.84. Interdealer broker ICAP lost the most, dipping 0.77% to 336p. In Japan, the Nikkei 225 Stock Average closed 0.5% down at 10,352 ahead of a congressional testimony by Federal Reserve chairman Ben Bernanke. Bernanke, who will speak before parliamentary c...